Payments Dive
MARCH 16, 2022
Each generation has approached credit differently; Gen Z is no exception. As they turn toward credit cards, industry analysts say these consumers are likely to keep card companies on their toes.
Accenture
MARCH 14, 2022
It’s important but not critical. That’s been the dominant narrative around sustainability. Until now, that is. There seems to be a definite shift to changing this narrative, a shift that could be worth trillions of dollars to the banking industry. In 2007, Google famously became the first major company to be carbon neutral. According to…. The post Shift to green could be worth trillions for banks appeared first on Accenture Banking Blog.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Independent Banker
MARCH 31, 2022
Photos by Chris Williams. From credit union overreach to onerous overregulation, the 2022/23 ICBA board of directors has plenty on its to-do list. Executive committee members tell us what advocacy issues they’ll be focused on during their terms, while board members share their words of wisdom for up-and-coming community bankers: themselves. To sum it up, these leaders are all in and all heart for community banking.
Jack Henry
MARCH 25, 2022
“Should you treat all of your customers or members the same way?”. I was listening in on a training session for tellers and customer service representatives when the trainer tossed that very question out to the attendees, sparking a lively discussion. “Yes,” came the instant reply. “All of our accountholders deserve top-notch service.”.
Advertisement
Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper
SWBC's LenderHub
MARCH 7, 2022
Are you 100% sure that your employees have the necessary compliance and regulatory training in order to mitigate the risk of fines and to protect your financial institution and its borrowers?
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
MARCH 11, 2022
With Russia shut out of U.S. and EU payment infrastructures, the country is pivoting to alternatives such as China's UnionPay card system and other channels that may take its trade and commerce through China.
CFPB Monitor
MARCH 24, 2022
Equifax, Experian, and TransUnion have announced that effective July 1, 2022, they will no longer include medical debt that was paid after it was sent to collections on consumer credit reports. In addition, the time period before unpaid medical collection debt appears on a credit report will be increased from 6 months to one year. The companies also announced that beginning in 2023, they will only report medical debt when the amount owed is at least $500.
Independent Banker
MARCH 31, 2022
Photo by Chris Williams. My bank’s tagline is ‘Where dreams meet solutions,’ and it serves as my guiding inspiration at the bank and, now, at the national level. As community bankers, our customers depend on us to keep their dreams alive. In today’s tumultuous environment, optimism is a skill worth cultivating. Thankfully, that glass-half-full attitude comes naturally for community bankers.
Bobsguide
MARCH 21, 2022
CompatibL is proud to have been nominated in the following categories in this year’s FTF News Technology Innovation Awards: 5.Best Cloud-Native Computing Initiative: CompatibL Cloud Platform. 12.Best Digital Transformation Solutions Provider: CompatibL. 15.Best Middle-Office Solution: CompatibL Risk Platform. 22.Best Professionals Services Provider: CompatibL. 27.FinTech Person of the Year: Alexander Sokol, CompatibL. 28.Ops Business Person of the Year: Olga Orekhvo, CompatibL. 30.Software Solut
Advertisement
In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202
SWBC's LenderHub
MARCH 28, 2022
Last Week. We had shock and awe in the bond markets last week as Fed presidents and governors took to the airwaves stating they were amenable to multiple 50 basis point hikes at the remaining meetings in 2022 and beyond. It seems it was only yesterday that folks chuckled at St. Louis Fed President James Bullard when he called for one 50 basis point hike in 2022.
BankBazaar
MARCH 18, 2022
It is now time to forge a new path forward with your finances. Although budgeting may not have worked for you earlier, colour-coding your budget is your new budgeting lifesaver! . Let’s start! Let’s work on creating your monthly budget. Whoa, wait! Did you just roll your eyes, or did you snort with derision? We get it. For many, trying different budget management methods has either not worked or they just despise the many restrictions that come along with it. .
Payments Dive
MARCH 10, 2022
Some consumers are charging buy now-pay later installment payments to their credit cards, and that should serve as a "warning flag" to regulators, said three economists who authored the research paper.
CFPB Monitor
MARCH 21, 2022
Last week, the CFPB published a blog post , stating that it “strongly encourages” mortgage servicers to participate in Homeowner Assistance Fund (HAF) programs. The Bureau asserts that it “remains focused on preventing avoidable foreclosures to the maximum extent possible and expects mortgage servicers to do the same.”. By way of background, HAF is a federal program that provides money to states, tribes, and territories to assist homeowners with housing costs.
Advertisement
Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
TheGuardian
MARCH 29, 2022
Paris, Frankfurt and Dublin are most successful in luring roles from UK, say consultants More than 7,000 finance jobs have moved from London to the EU as a result of Brexit, down 400 from the total anticipated in December, the consultants EY have said While the total is well down on the 12,500 job moves forecast by firms in 2016, when Britain voted to leave the bloc, more could follow, EY said in its latest Brexit tracker.
Cisco
MARCH 29, 2022
It’s evident that digital investments made prior to 2020 helped many financial institutions respond quickly to a rapidly changing operational environment. The “shift to digital”, necessitated by these changes, was largely confirmation of what institutions already understood about the future of customer engagement. Instead, the most useful insight is likely the remarkable agility demonstrated by the industry and how it changed executives’ perspectives of prior and future transformation strategies
SWBC's LenderHub
MARCH 21, 2022
Last Week. Last week was marked once again by extreme volatility. On Wednesday, we had the Fed FOMC statement and presser. Stocks and credit risk assets were soothed by Chairman Powell’s words that his aggressive inflation fighting monetary policy wouldn’t bring on recession.
BankBazaar
MARCH 21, 2022
There is no one way to gain knowledge. Anyone can tell you that. But are you a believer in it? Or have you made up your mind on ‘things’ being learnt a ‘certain way’? We’re talking about those very things, a little differently, today! Are you a poet and don’t know it? Get it? Get what we did there? This World Poetry Day, let’s awaken the poet in us and learn something we could use – through rhyme!
Advertisement
As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.
Payments Dive
MARCH 14, 2022
In a rare TV appearance, the director of the Consumer Financial Protection Bureau said that the payments industry isn't competitive enough and that fee hikes by the big card companies would add "insult to injury" at a time of inflation. He noted new fintech tools could ultimately be a benefit if they add competition.
CFPB Monitor
MARCH 8, 2022
A Pennsylvania district court has ruled that a company that provides reports based on a search of public records is a “consumer reporting agency” (CRA) as defined by the Fair Credit Reporting Act. In McGrath v. Credit Lenders Service Agency, Inc. , the plaintiffs applied to a bank for a loan to refinance their home mortgage. The bank engaged Credit Lenders Service Agency (CLSA) to conduct a public records search on the plaintiffs and provide a report.
ABA Community Banking
MARCH 3, 2022
On the latest episode of the ABA Banking Journal Podcast, Ohio bank CEO Mike Vynalek discusses his own journey in community bank advocacy and how he's getting emerging leaders at his bank involved in advocacy. The post Podcast: Seeing Results from Community Bank Advocacy appeared first on ABA Banking Journal.
ATM Marketplace
MARCH 1, 2022
Bitcoin ATMs are becoming more common across the globe, with 45,000 in North America alone. Wayne Vandekraak, CSO of OptConnect shared some guidance at how to handle Bitcoin ATM connectivity.
Advertiser: Data Robot
The buzz around generative AI shows no sign of abating in the foreseeable future. Enterprise interest in the technology is high, and the market is expected to gain momentum as organizations move from prototypes to actual project deployments. Ultimately, the market will demand an extensive ecosystem, and tools will need to streamline data and model utilization and management across multiple environments.
SWBC's LenderHub
MARCH 14, 2022
Last Week. Last week was marked, once again, by extreme volatility. The violence of Russia’s war in Ukraine intensified while sanctions against Russia and its major industries continued to ramp up.
BankUnderground
MARCH 2, 2022
Tugrul Vehbi, Serdar Sengul, Daniel Christen, Lucio D’Aguanno and Tom Wise. Shipping costs have increased sharply since the onset of the pandemic, to a magnitude perhaps only a few would have predicted. In this post, we examine the likely drivers and impact of this increase. We argue that (i) both demand and supply factors are responsible for these developments with the former playing a relatively bigger role historically; (ii) shipping costs feed through to consumer prices with a lag; and (iii)
Payments Dive
MARCH 16, 2022
A new survey from one equity analyst suggests installment financing from the buy now-pay later company Affirm has appeal for rich and poor alike. "The demand for our service is going up because consumers are trying to ration their money,” Affirm CEO Max Levchin told CNBC.
CFPB Monitor
MARCH 3, 2022
In a move intended “ to thwart illegal repossessions in the heated auto market ,” the CFPB has issued a compliance bulletin that describes conduct related to repossession that it has found to be an unfair, deceptive, or abusive act or practice (UDAAP) and sets forth the Bureau’s expectations for actions entities should take to prevent UDAAPs. In the bulletin’s background discussion, the Bureau expresses concern that the strong demand for used automobiles and accompanying rise in used automobile
Advertiser: Trellis
Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.
Expert insights. Personalized for you.
481 
Let's personalize your content